ING analyst Chris Turner said markets’ bets on a Fed rate hike ahead of
Wednesday have largely offset any euro support from falling oil prices.
Supporters of an early hike argue it would bolster the Fed’s anti-inflation
credibility and reduce the need for larger tightening later; Turner added the
Fed’s lack of communication has fueled such speculation. London Stock Exchange
Group data show a 34% market-implied probability of a Wednesday rate increase.
